Are there written safety and risk management standards in place?
Businesses that can demonstrate that they have written policies on safety and risk management that are regularly used often get high marks with insurers. Businesses need to remember that a common obstacle to obtaining a favorable quote and preferred coverage terms is the loss control representative that the insurer sends out to the business to do a walk-through. This person reports back in writing to the underwriter their impressions of the business and will often make a recommendation to write or decline the account. • Start early. In order to gain control over otherwise unacceptable increases, businesses must start early in the process of reviewing their program with their agent and determining what insurance companies to pursue for renewal quotes. Generally speaking, 120 days prior to expiration or earlier is a good gauge. With the flood of applications being sent to insurers in hopes of avoiding increases, insurers are in need of more time to review submissions. • Avoid flooding th
